In THE CHINA STRATEGY (Basic Books) Edward Tse, Booz & Company's Chairman for Greater China, shows executives how to prepare for the new China that is rapidly recovering from the global financial crisis and evolving in unexpected directions. Most companies still base their China strategy on an outdated and un-nuanced view of China as simply the world's largest market for untapped growth. Most haven't prepared for competing with China's new wave of entrepreneurial energy – or harnessing its rise to transform their own competitive position in the global economy. The engine driving the world out of the global financial crisis and back to growth is China. But only those multinational companies that develop a genuine China strategy will come along for the ride. Tse explains why any China strategy needs to be based on an understanding of four key drivers of change: expanding openness, fiercening competitiveness, tight but changing state control, and increasing global interdependence. With the right China strategy, Tse says "corporate leaders can position themselves not just to succeed, but to be part of the great Chinese renaissance now unfolding - a renaissance that will change the world."